[Merged]Brexit stuff

[PurpleGorilla]

I don't think any of the car companies were "sold".

Rover was sold for £1 to BMW

Internal circulation of same money can only go so far, the real wealth is created when money come from ELSEWHERE via exports.

Seychelles, Cayman Islands, Jersey.

Yeah we know about money exports.

[sasguru]

Rover was sold for £1 to BMW

The car industry was long gone by then. Poor management and bolshie workers.

[Mordac]

I'm not sure how Obama will benefit from the UK staying in Europe. Anyone care to enlighten me?

He'll be out of a job before any brown stuff hits (if it even does) anything anyway, so take him with a large (and I mean LARGE) pinch of salt...

[PurpleGorilla]

Poor management and bolshie workers.

Aka The boomer generation

[sasguru]

Aka The boomer generation

More like the pre boomers whatever they're called. The rot started in the 60s

[PurpleGorilla]

The rot started in the 60s

Something we agree on.

[OwlHoot]

I'm not sure how Obama will benefit from the UK staying in Europe. Anyone care to enlighten me?

As Obama seems unlikely to benefit much personally one way or the other, and he was presumably speaking on behalf of the US, that amounts to asking how the US will benefit.

Besides claimed benefits to Wall Street bankers and suchlike, another plausible answer is that Cameron offered the US useful concessions in return for their support, quite possibly at the future expense of the UK (literally or metaphorically).

By its nature, the details of a deal like that is unlikely to become public knowledge, at least until long after the vote is over. But deal or not, we can be sure Obama and the US don't give a stuff about the interests of UK subjects as individuals. Why should they, when we don't have a vote in US elections?

[CretinWatcher]

[Merged]Brexit stuff

Thoughtful article here from the Standard City editor - would appreciate an intelligent Brexiteer response, if such a thing exists.

From the article:
"... leading Brexit economist Patrick Minford was close to the mark when he said before the vote that he expected manufacturing and agriculture to disappear once we left the EU."

And he thought that was OK?

What does the UK have to sell following the Brexit vote? | Business | London Evening Standard

[MrMarkyMark]

Unfortunately only luxury goods, shoes, knitwear, fishing rods....a few examples..

[eek]

Thoughtful article here from the Standard City editor - would appreciate an intelligent Brexiteer response, if such a thing exists.

From the article:
"... leading Brexit economist Patrick Minford was close to the mark when he said before the vote that he expected manufacturing and agriculture to disappear once we left the EU."

And he thought that was OK?

What does the UK have to sell following the Brexit vote? | Business | London Evening Standard

To be honest, both agriculture and manufacturing are rapidly becoming a combination of highly automated robots with either very well paid jobs (designing the manufacturing systems or the products) or very low paid moving stuff around....